CIC to Double Its Space

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[Updated and corrected, 1/20/10] The Cambridge Innovation Center (CIC), which provides office space and services to hundreds of technology startups at One Broadway in Cambridge, MA, has signed a 10-year lease with One Broadway’s owner, MIT, that will allow it to expand its footprint in the building from 86,000 square feet to 122,000 square feet, says CIC founder and CEO Tim Rowe. (The facility’s densest, most efficient “core” space will more than double, from 38,000 square feet to 95,000 square feet, Rowe says.) The space will include five more co-working areas similar to the Cambridge Co-working Center on the buildings’ tenth floor, including one “back to 1999” space with ping-pong tables as work desks, Rowe says. Outfitting the new space on the building’s second and third floors will cost approximately $6 million, Rowe told the Boston Globe.

Wade Roush is the producer and host of the podcast Soonish and a contributing editor at Xconomy. Follow @soonishpodcast

To add more color, we currently have about 37,000 sq. ft. of what we call ‘core’ space. This is space that is designed from the ground up expressly for use by startups–the 11th and 14th floors at One Broadway are core space, if you are familiar with that. The core space will grow to 94,000 sq. ft. as part of this expansion.

In addition, we’ve always had a fair amount of non-core space, such as our 16th floor, which was originally the law department for a local pharma company. This type of space comes and goes with availability. So the long and the short is that this is a significant expansion overall, and a particularly significant expansion of our dedicated space for entrepreneurs. We are very excited about it.

The new space comes on line July 1, 2010. Until then we have sublet a variety of other spaces in the building to meet demand between now and then.

Great news! CIC is an incredible place and is providing excellent service to a great many startups in Cambridge.

We at MassChallenge are grateful for all you have done to support us and others, and we are excited to hear that you are expanding so you can provide even more value to the ever-expanding startup scene in Massachusetts.